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COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE JUNE 22, 2022

Wednesday, June 22, 2022 | 08:16am

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 8.45 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 4.45 percent as published by the Federal Reserve on June 21, 2022.

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News

COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE MAY 10, 2022

Tuesday, May 10, 2022 | 08:13am

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 7.70 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 3.70 percent as published by the Federal Reserve on May 9, 2022.

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